|By Marketwired .||
|July 22, 2014 01:24 PM EDT||
WASHINGTON, DC--(Marketwired - July 22, 2014) - A new report released today from National Disability Institute (NDI) shows 24 years after the landmark Americans with Disabilities Act was signed into law and guaranteed all individuals with disabilities the opportunity to achieve "economic self-sufficiency," people with disabilities are less financially stable than people without disabilities.
Based on data collected from the FINRA Investor Education Foundation's 2012 National Financial Capability Study released last year, this groundbreaking report highlights for the first time a nationwide snapshot of the financial capability and financial wellness of adults with disabilities.
National Disability Institute's report, Financial Capability of Adults with Disabilities - Findings from the FINRA Investor Education Foundation 2012 National Financial Capability Study, analyzed data from 1,363 of the more than 25,000 respondents to the National Financial Capability Study (NFCS) self-identifying as "permanently sick, disabled or unable to work." While the report analyzes one segment of people with disabilities, the results provide an important lens on the financial capability of many Americans with disabilities. According to U.S. Census data, nearly one in three people with disabilities in the United States live in poverty, a figure nearly double the national poverty rate.
The report mirrors the format of the FINRA Investor Education Foundation's 2012 National Financial Capability Study and includes insights into how respondents make ends meet, plan ahead, manage financial products as well as their level of financial knowledge and decision making. In nearly every category, the financial capability of people with disabilities lagged behind the financial capability of people without disabilities. Report highlights include:
- 78 percent of people with disabilities found it difficult to make ends meet, as compared with 56 percent of people without disabilities;
- 70 percent of people with disabilities responded they could not come up with $2,000 in an emergency, as compared with 37 percent of people without disabilities;
- 44 percent of people with disabilities had unpaid medical bills, as compared to 25 percent of people without disabilities;
- 81 percent of people with disabilities did not have an emergency fund to cover three months of expenses, as compared to 54 percent of people without disabilities;
- Only 18 percent of people with disabilities had determined their retirement savings needs, as compared with 41 percent of people without disabilities;
- 84 percent of people with disabilities had not planned for their children's college education, as compared to 62 percent of respondents without disabilities;
- Only 30 percent of respondents with disabilities paid their credit card in full each month, as compared with 50 percent of respondents without disabilities;
- 41 percent of people with disabilities used methods of non-bank borrowing, such as a pawn shop or payday loan, as compared with 29 percent of people without disabilities; and
- 50 percent reported they were "not at all satisfied" with their current financial condition, as compared with 30 percent of people without disabilities.
"While the participants in the study represent only a segment of people with disabilities, their responses tell an all too common story for many people in the disability community," said Michael Morris, executive director of National Disability Institute and a co-author. "More than 24 years after the Americans with Disabilities Act (ADA) was signed into law, these results show our nation is falling short of meeting the promise of economic self-sufficiency the ADA guarantees. The status quo is unacceptable. Working together, we must do better."
NDI, the first national non-profit organization dedicated exclusively to building a better economic future for people with disabilities, also outlined in the report the organization's recommendations on how to move forward and foster collaboration to improve the financial capability of people with disabilities. Recommendations included designing and testing innovative intervention strategies, establishing a cross-system national task force to build a collaboration strategy, and improving available information about people with disabilities and their financial capability.
National Disability Institute released the report today at a press conference at the National Press Club in Washington, D.C. Morris and co-author Katherine McDonald, a professor and researcher at Syracuse University, presented the report's results. FINRA Investor Education Foundation President Gerri Walsh provided an overview and historical perspective of her organization's 2012 National Financial Capability Study and the future of the initiative. A panel of federal agency representatives discussed various initiatives they are undertaking to advance the financial capability of people with disabilities. Panelists included Kathy Martinez, Assistant Secretary of Labor, U.S. Department of Labor, Office of Disability Employment Policy; Debra Holland, Commissioner, Internal Revenue Service Wage and Investment (W&I) Division; Gail Hillebrand, Associate Director, Consumer Education & Engagement, Consumer Financial Protection Bureau; and Bob Williams, Senior Advisor, Social Security Administration.
A digital copy of the report is available for download in the document library under the Resources section of NDI's website and via this link http://bit.ly/NDI_Report_2014. Video of the National Press Club event will be available on National Disability Institute's YouTube channel, YouTube.com/RealEconomicImpact.
About National Disability Institute
National Disability Institute (NDI) is a national non-profit organization dedicated to building a better economic future for people with disabilities. The first national organization committed exclusively to championing economic empowerment, financial education, asset development and financial stability for all persons with disabilities, National Disability Institute effects change through public education, policy development, training, technical assistance and innovative initiatives. National Disability Institute and its Real Economic Impact (REI) Network have helped nearly 2 million people with disabilities receive more than $1.8 billion in tax refunds and credits. To learn more, visit www.realeconomicimpact.org Engage with National Disability Institute on Facebook: RealEconImpact or follow NDI on Twitter: @RealEconImpact.
*Photos available upon request
The following files are available for download:
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Apr. 25, 2017 08:30 PM EDT Reads: 2,478
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Apr. 25, 2017 08:15 PM EDT Reads: 467
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
Apr. 25, 2017 07:45 PM EDT Reads: 1,739
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
Apr. 25, 2017 07:15 PM EDT Reads: 3,091
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Apr. 25, 2017 06:15 PM EDT Reads: 2,179
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.
Apr. 25, 2017 06:15 PM EDT Reads: 1,149
SYS-CON Events announced today that Hitachi Data Systems, a wholly owned subsidiary of Hitachi LTD., will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City. Hitachi Data Systems (HDS) will be featuring the Hitachi Content Platform (HCP) portfolio. This is the industry’s only offering that allows organizations to bring together object storage, file sync and share, cloud storage gateways, and sophisticated search an...
Apr. 25, 2017 06:15 PM EDT Reads: 306
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Apr. 25, 2017 06:15 PM EDT Reads: 944
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
Apr. 25, 2017 05:45 PM EDT Reads: 2,101
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Apr. 25, 2017 05:45 PM EDT Reads: 3,705
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Apr. 25, 2017 05:45 PM EDT Reads: 1,007
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
Apr. 25, 2017 05:15 PM EDT Reads: 3,523
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Apr. 25, 2017 05:15 PM EDT Reads: 2,169
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 25, 2017 04:45 PM EDT Reads: 386
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
Apr. 25, 2017 04:45 PM EDT Reads: 2,640